After liberal concessions by Centre, GST council inks breakthrough, new tax regime roll-out on July 1

In a breakthrough that has cleared the long-gathered clouds over the goods and services tax (GST) and brightened the prospect of its roll-out from July 1 this year, the Centre and states on Monday resolved to share the entire GST assessee base — over 10 million at last count — without sacrificing the principle that no taxpayer will have to report to more than one authority.At the ninth GST Council meeting here, the Centre made significant concessions to bring states, including the defiant ones, on board.